METROCITY BANKSHARES INC (MCBS) Stock Technical Analysis
USA - NASDAQ:MCBS - US59165J1051 - Common Stock
29.01 USD
-0.86 (-2.9%)
29.01 USD
0 (0%)
Overall MCBS gets a technical rating of 3 out of 10. MCBS performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, MCBS is a bad performer in the overall market: 62% of all stocks are doing better.
MCBS is part of the Banks industry. There are 392 other stocks in this industry, of which 78% are performing better than MCBS.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
MCBS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MCBS is lagging the market.
In the last month MCBS has a been trading in the 28.52 - 30.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, MCBS does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 28.98, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
26.26
30.84
3 important support areas can be observed.
- A support zone ranging from 28.55 to 28.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.55 to 27.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.53 to 27.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 29.15 to 29.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.18 to 30.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MCBS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MCBS is neutral. |
| ChartMill Relative Strength | 38.98 | NEUTRAL | MCBS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MCBS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MCBS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MCBS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.64 | NEUTRAL | The RSI value for MCBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests MCBS has a negative trend. |
| Stochastics (14,3) | 45.45 | NEUTRAL | The Stochastics value for MCBS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for MCBS suggests some volalility. |
| Average Directional Index/ADX (14) | 12.05 | NEGATIVE | The low ADX value for MCBS suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
29.01
-0.86 (-2.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.9%
1 Week0%
2 Weeks-1.63%
1 Month1.83%
3 Month7.13%
6 Month6.65%
12 Month-4.98%
2 Year47.41%
3 Year47.71%
5 Year120.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%2.31%
ATR Inc60.52%
Range Today0.76
ADR(20)0.62
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.98
Mansfield-1.26
10 Day High29.96
10 Day Low28.52
20 Day High30.34
20 Day Low28.52
52 Week High36.15
52 Week Low24.24
CS1 End28.98
CR1 Start29.15
Volume & EV
DER(3)0.38%
DER(5)0.38%
Volume111.00K
Volume Incr87.37%
Vol(5)51.04K
Vol(50)35.67K